Investment strategies for retirees

March 18 2025

S2E4: Retire Wealthier: Expert Tips on Social Security Timing, Taxes, and Investment Risk

Mark Fried Podcast 401(k) vs Roth IRA for retirement, Best annuities for retirement income, How to make money last in retirement, Investment strategies for retirees, Long-term healthcare costs in retirement, Maximizing Social Security benefits, Protecting retirement savings from inflation, Retirement financial planning tips, Retirement income strategies, tax-efficient retirement planning

Are you approaching retirement and wondering how to make the most of your hard-earned savings? In this information-packed episode of the Road Rules for Retirement Show with Mark Fried, we dive deep into the crucial elements of building a secure and fulfilling retirement.

First, we unravel the complexities of Social Security, revealing why timing is everything when it comes to claiming your benefits. Discover how delaying your claim can significantly boost your monthly income and learn about the various claiming options available for single, married, divorced, and widowed individuals. We highlight the potential pitfalls of making uninformed decisions and stress the importance of seeking professional advice to navigate these choices effectively. Learn about the power of delaying your claim, potentially increasing your payments by over 30% by waiting until age 70. For married couples, we explore the strategic advantages of coordinating your claims to maximize your combined benefits. We also tackle the often-overlooked topic of taxes on Social Security benefits and why understanding this is vital for your overall retirement income plan.

Next, we shift our focus to controlling your retirement tax burden. Gain valuable insights into tax-efficient withdrawal strategies, including the optimal order for accessing different retirement account types to minimize your tax liability. We emphasize the importance of knowing your retirement number and provide guidance on estimating your future spending needs, suggesting the proactive step of living on a retirement budget before you retire.

In today’s climate of market uncertainty, we underscore the significance of diversification and a well-defined income strategy to maximize your retirement income while effectively minimizing risk. Finally, we provide a roadmap for transitioning smoothly into retirement, outlining key steps to take in the crucial five years leading up to this major life change, including detailed financial reviews and planning for both Social Security and Medicare.

Ultimately, this episode empowers you to take action now for a secure future. We consolidate the essential elements of a successful retirement plan, emphasizing the critical roles of optimizing your Social Security benefits, strategically managing taxes and investment risk, and recognizing the invaluable support of professional financial guidance. Don’t leave your retirement security to chance – tune in and learn the road rules for building your best retirement!

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Why Listen?
If you’re nearing retirement or already retired, this episode offers actionable advice to help you protect your savings, manage taxes, and ensure your money lasts. Tune in now and start building the retirement plan you deserve!

March 4 2025

S2E3: The Smart Retiree’s Playbook: Secure, Grow, & Enjoy Your Wealth

In this episode of The Road Rules for Retirement Show, host Mark Fried dives into essential strategies for securing financial stability in retirement. He highlights why longevity is one of the biggest risks retirees face and shares key tactics to ensure your money lasts as long as you do.

Mark explains how to maximize Social Security benefits, revealing strategies that could add over $100,000 to your lifetime income. He also breaks down the role of annuities in providing guaranteed income and discusses the importance of building a contingency fund to safeguard against financial uncertainties later in life.

For those looking to keep more of their hard-earned savings, Mark covers smart tax strategies for retirees, including the benefits of Roth IRAs and tax-efficient withdrawal methods. Additionally, he explores how to make the most of 401(k) contributions and employer-matched savings to grow your retirement wealth.

The episode also touches on inflation’s impact on retirement savings, healthcare costs and insurance considerations, and why it’s crucial to plan ahead for rising expenses. Finally, Mark stresses the value of working with a financial professional, ensuring that retirees have a solid plan in place to navigate their financial future with confidence.

Tune in now to learn how to build a secure, lasting retirement income strategy!

October 8 2024

Episode 11: Closing the Income Gap: How to Ensure Your Retirement Savings Work for You

Mark Fried Podcast Budgeting tips for retirement, Creating a retirement income gap plan, Estate planning for seniors, Investment strategies for retirees, Medicare and long-term care for retirees, Retirement income planning, Retirement savings protection, Risk management in retirement portfolios, Roadmap for financial security in retirement, Tax-efficient retirement withdrawals

In this episode, we dive deep into the world of retirement planning with Mark Fried, a financial expert passionate about helping retirees achieve financial security. Mark’s journey began with his own personal experiences, which fueled his mission to guide individuals through the often-complex process of retirement planning.

Step-by-Step Guide to Retirement Planning Mark breaks down the retirement planning process, starting with defining your goals and understanding your financial needs. This involves managing expenses, reducing debt, and preparing for the inevitable transition into retirement.

Understanding Your Income Needs A key element is calculating your income gap—the difference between your current income and what you’ll need in retirement. Mark shares strategies for evaluating investments to ensure they provide enough return without exposing you to unnecessary risk.

Risk Tolerance and Investment Strategy He emphasizes the importance of adjusting your risk tolerance as you shift from growth mode to preservation mode. This is crucial to maintaining financial stability throughout your retirement years.

Healthcare and Tax Efficiency Mark also discusses the often-overlooked aspect of healthcare costs, from understanding Medicare to preparing for long-term care. In addition, he offers tips for tax-efficient retirement strategies, ensuring you reduce your tax burden and maximize your retirement savings.

Finally, Mark drives home the importance of having a comprehensive retirement plan to avoid the risk of running out of money and to enjoy a secure, comfortable retirement.

Tune in to this episode to learn more about securing your financial future with Mark Fried’s expert advice!